General Mills (NYSE:GIS) Price Target Raised to $38.00

General Mills (NYSE:GIS) had its price objective upped by research analysts at BNP Paribas Exane from $37.00 to $38.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. BNP Paribas Exane’s price target indicates a potential upside of 1.97% from the stock’s previous close.

Other analysts have also issued research reports about the company. BTIG Research initiated coverage on General Mills in a report on Monday, April 13th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday. Stifel Nicolaus cut their price target on shares of General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Bank of America lifted their price objective on shares of General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Piper Sandler dropped their target price on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $39.00.

General Mills Price Performance

Shares of General Mills stock traded down $0.50 on Thursday, hitting $37.27. The company had a trading volume of 4,425,905 shares, compared to its average volume of 9,467,642. General Mills has a 52 week low of $31.75 and a 52 week high of $54.01. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The company has a market cap of $19.89 billion, a PE ratio of 9.11 and a beta of -0.03. The business has a 50-day simple moving average of $34.18 and a 200-day simple moving average of $39.88.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts expect that General Mills will post 3.42 EPS for the current fiscal year.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the sale, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Institutional Trading of General Mills

A number of hedge funds have recently modified their holdings of the business. LBP AM SA acquired a new stake in General Mills during the 4th quarter worth about $2,639,000. Oak Thistle LLC acquired a new position in shares of General Mills in the 4th quarter valued at about $1,320,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of General Mills by 1,824.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after purchasing an additional 848,712 shares during the period. Korea Investment CORP lifted its position in shares of General Mills by 161.9% in the third quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock worth $16,800,000 after purchasing an additional 205,981 shares in the last quarter. Finally, HF Advisory Group LLC grew its position in General Mills by 550.2% during the fourth quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock valued at $3,681,000 after purchasing an additional 66,981 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

More General Mills News

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills beat quarterly earnings and revenue expectations, signaling resilient demand for staples and improved profitability. Reuters article
• Positive Sentiment: The company announced a major $3 billion cost-savings target, which should help protect margins and support future earnings. Yahoo Finance article
• Positive Sentiment: General Mills is leaning into product innovation, including Reese’s Puffs tie-ups and higher-protein Cheerios, to win back value-conscious shoppers. Yahoo Finance article
• Positive Sentiment: Analysts raised price targets after the upbeat quarter, reflecting improved sentiment around the turnaround story. Benzinga article
• Neutral Sentiment: Deutsche Bank raised its price target to $33 and kept a hold rating, but that target is still below the current share price. Benzinga article
• Neutral Sentiment: Bank of America lifted its target to $39 with a neutral rating, suggesting some upside but not a strong bullish call. Benzinga article
• Negative Sentiment: Management’s FY2027 EPS guidance of $3.00-$3.20 was below the consensus estimate, which may temper enthusiasm after the earnings beat. Reuters article

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.